Hello traders Today I present you a Supertrend not based on candle close but based on a CCI (Commodity Channel Index) How does it work? Bull event: CCI crossing over the 0 line Bear event: CCI crossing below the 0 line When the event is triggered, the script will plot the Supertrend as follow UP Trend = High + ATR * Factor DOWN Trend = Low - ATR *...
ATR measures volatility, but you can't compare one instrument vs. another with it because the ATR value will be different depending on the price of the instrument. I went searching for something like ATR but with percentages, so you could compare one stock vs. another to find who is more volatile and found this . It was exactly what I was looking for, so...
Plots the the highest true range for the entire dataset. Beneficial for determine an emergency stopp loss.
Input Information Length Numeric 5 Number of bars used to determine the average true range. NumATRs Numeric .75 Factor used to calculate a percentage of the average true range, used to Long and short entry based on a percentage of price movement beyond the average range. Profitable and simple strategy..
This script plots a trailing stop of the ATR multiplied by a user-defined number. Since it is meant to be used as a trailing stop, the value doesn't fluctuate with the price as a normal ATR indicator does, but stays fixed unless price moves away from it. In that case it follows the price. If price crosses the stop level, it resets itself based on current price...
The script draws the high and low of the premarket session and based on these levels the ATR is added and also displayed on the chart as lines. You can change: - The Session Timeframe - The ATR Multiple - If the Aftermarket Session should be included
UT Bot indicator was inially developer by @Yo_adriiiiaan Idea of original code belongs @HPotter I just took code of Yo_adriiiiaan, cleaned it, deleted all useless pieces of code, transformet to v4 and created a strategy from it. Also I added an input that allows you to swich to signals from Heiking Ashi. I saw that author uses HA for the indicator and on HA it...
Description: Display Last completed ATR values in a text information panel on the chart. These values are handy for calculating Stop Loss. This script includes input offsets to optionally position the Panel, these can be Positive or Negative offsets. References: Thanks go to RicardoSantos for showing us the way to create a Panel with his Function - InfoPanel
SUMMARY: Standard Pivot (HLC3) with ATR leeway added to make it adaptive to market volatility. DESCRIPTION: Adaptive Pivot is an indicator utilizing the simplicity of HLC3 Pivots as a turning point (and sometimes a trend indicator) while addressing it's fixed and inflexible nature. Because the indicator is just a single line in the chart, the price may go near...
The "AC-P" version of jiehonglim's NNFX Baseline script is my personal customized version of the NNFX Baseline concept as part of the NNFX Algorithm stack/structure for 1D Trend Trading for Forex. Everget's JMA implementation is used for the baseline smoothing method, with optional ATR bands at 1.0x and 1.5x from the baseline. NNFX = No Nonsense Forex ...
ATR Trailing Stoploss Buy=crossover(close,TS) Sell=crossunder(close,TS)
Plots crosses above and below the current price giving you the ability to quickly set your stop loss (or the 1st profit target) depending on a custom variable by which the average true range is multiplied with the option to specify the length as well as the type of the moving average (RMA, SMA, EMA or WMA) that are taking into account. Optionally, you can disable...
The "Range Force Impulse" indicator combines 4 useful indicators into one, freeing up chart real-estate and giving the trader insight into trend health, bull/bear commitment, range and volatility all at a glance. The indicator consists of the following: Direction - True Range and Average True Range columns shown above and below 0 depending on direction of...
PtahX EMA/ATR Strategy Public Release written October 2019 EMA Strategy with ATR & "Fear Factor" built in * modifications welcome * please let me know if you improve it so I can continue to learn :) * use at your own risk - I'm a new programmer and still learning * Best of luck on your trades!! // Take Profit (TP) option based on ATR or MA Crossover
Script that shows you the ATR and 0.5 ATR. You can use this to define your stop loss level when you see a SFP. Standard setting is the 24 period ATR. You can use this for a 1h chart (24 hours in a day). So when you play on a 5m chart, you can change the setting to 12 period (12 5m candles in 1 hour).
As some of you requested, I will make the code for QuarryLake Open for you all. I have also updated the script in version 4. This strategy consists of 3 indicators that I found works quite well together. Keltner Channel, Waddah Attah Explosion, and Volatility Stop . KC Period = 200 KCATR = 5 Vstop Period = 3 Vstop Mult = 1.5 Long when close > KC, close >...